If the pipe is the same one as I think it is, it appears to be NOS (new old stock), and still has a country of manufacture sticker on the stem. Since the pipe is essentially “new” and unsmoked, forty dollars seems like a decent deal. Just bear in mind that you can get a new Rossi (made by Savinelli) for about the same price; there are Ropp Etudiant pipes with smaller chambers, also in that price range. If you really like the Lannoch and its rusticated carving, go for it.